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Stock analysis Mmp Industries Limited MMP

More indepth analysis on MunafaSutra.com

Moving Averages for Mmp Industries Limited

  • 5Day Average: 299.52
  • 12Day Average: 285.88
  • 20Day Average: 282.52
  • 50Day Average: 278.5
  • 100Day Average: 275.12
  • 150Day Average: 257.23
  • 200Day Average: 242.28

MMP Indicators & signals

Indicator MACD (12,26,9)

290.02, 284.01, 3
Indicator MACD is in positive zone

Indicator ADX (14)

56.24, 25.61, 7.17
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MMP Mmp Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 303.75 295.00 to 315.00 0.9% 0.9 times
11 Thu Jul 2024 301.05 300.00 to 315.00 0.35% 1.27 times
10 Wed Jul 2024 300.00 289.95 to 323.20 1.78% 3.7 times
09 Tue Jul 2024 294.75 291.95 to 309.00 -1.11% 0.65 times
08 Mon Jul 2024 298.05 273.00 to 304.40 6.73% 1.77 times
05 Fri Jul 2024 279.25 277.30 to 284.00 0.31% 0.37 times
04 Thu Jul 2024 278.40 275.65 to 292.90 1.48% 1.38 times
03 Wed Jul 2024 274.35 272.35 to 283.50 -2.19% 0.26 times
02 Tue Jul 2024 280.50 273.80 to 281.90 2.69% 0.17 times
01 Mon Jul 2024 273.15 271.00 to 280.15 -0.13% 0.31 times
28 Fri Jun 2024 273.50 272.00 to 278.00 -0.13% 0.12 times
27 Thu Jun 2024 273.85 272.00 to 282.50 -0.24% 0.21 times

Technical analysis forecast of Mmp Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Mmp Industries Limited MMP at this time. Stock is rising and might rise more.

It appears as if Mmp Industries Limited MMP gave a large move recently.

Stock of Mmp Industries Limited (MMP) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Mmp Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Mmp Industries Limited stays above 296.1, but if it comes below 296.1, then a intra day sell could be more profitable.
If you take a sell trade below 296.1, then use 296.1 as stoploss and 285.79 as target. However if you take a buy trade in Mmp Industries Limited, then use 296.1 as stoploss and 308.5 as target.

More indepth analysis on MunafaSutra.com